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$1,339,000

Beds
Unknown
sq ft
5,952

7203 Porcher Dr, Myrtle Beach, SC 29572

7203 Porcher Dr

Myrtle Beach, SC 29572

  • 75 days on market
    • Price drop $10,000↓
Location. Location. Location. This unique property is a real estate investors dream. Situated just 2 blocks from the beach, this property boasts two buildings with 4 two bedroom 1 bath apartments in each building. The apartment is fully rented and manage by a knowledgeable local licensed property manager. Each unit (744 square ft) offers 2 bedrooms, 1 bathroom, a kitchen and living room area. Each apartment is similar in floor plan but also unique in the layout and design. Don't miss out on this incredible opportunity to own an impressive multi unit rental right by the ocean. Seller is a listing Agent. Seller financing is available with 50% down.

Details

Property type

Apartment

Est. home value

$1,008,294

Lot size

Unknown

Price per sq ft

$225

Year built

1968

HOA

Yes

Price History

05/23/2024
MyrtleBeach

MyrtleBeach #2409900

Price change
$1,339,000
-0.74%
05/15/2024
MyrtleBeach

MyrtleBeach #2409900

Price change
$1,349,000
-3.57%
04/23/2024
MyrtleBeach

MyrtleBeach #2409900

Listed
$1,399,000
+51.24%

Schools & Community

Elementary school: 

Myrtle Beach Elementary School

Middle school: 

Myrtle Beach Middle School

High school: 

Myrtle Beach High School

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$943,665
Asking price
$1,339,000
Closing costs (~8% of asking)
-$107,120
Est. remaining loan balance
-$288,215
Cash to seller
$943,665

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Howell And Howell

Loan start date

October 2022

Original loan amount

$617,500

Est. remaining balance

$288,215

Interest rate

6.02%

Loan type

New Conventional, 3 year

Seller

Ha Couture Properties Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 07/07/2024 at 6:45 PM

Listing updated: 05/23/2024 at 10:23 AM

Listed by: Peter Nguyen, Sand Dunes Realty Phone #: (843) 465-6814

MLS: MyrtleBeach #2409900

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